Although the contemporary international monetary system is typically referred to as a "floating regime," it is clearly not the case for the majority of the world's nations.

Question

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While major currencies such as the US dollar or the Euro are allowed to float freely, many countries still have fixed exchange rate regimes, currency boards, or peg their currencies to a major currency, making them not fully floating.

Although the Contemporary International Monetary System Is Typically Referred to as a "Floating